Playmates Toys Limited 2015 Full Year Results Briefing 24 March 2016

Transcription

1 Playmates Toys Limited 2015 Full Year Results Briefing 24 March 2016

2 Forward-Looking Statements This presentation and subsequent discussion may contain forward-looking statements with respect to the financial condition, results of operation and business of Playmates Toys Limited. Such forward-looking statements represent expectations or beliefs concerning future events and involve known and unknown risks and uncertainties which could cause actual results, performance or events to differ materially from those expressed or implied in such statements. 2

3 Content About Playmates Toys Our Mission Our Latest Performance State of the Toy Industry Playmates Toys Financial Highlights Looking Forward 3

4 About Playmates Toys Founded: 1966 First Group listing: 1984 HKSE#0869 Playmates Toys Limited A leading manufacturer of promotional toys Create, design, market & distribute branded products worldwide More information 4

5 Our Mission We strive to create superior shareholder value by selectively investing in proprietary and licensed brands and delivering quality, safe, and innovative toys to the consumers while managing costs prudently to maximize operational leverage. 5

6 Our Latest Performance 6

7 State of the Toy Industry Operating Environment in 2015: US remained on steady economic recovery NPD reported US retail toy $ sales up by about 6.7%, strongest industry performance in many years * Currency weaknesses as well as economic and political uncertainties continued to impact businesses in international markets Major action adventure movies prompted strong competition among boy s action toys * Source: The NPD Group/Retail Tracking Services; Dollars, 52 weeks vs. YAG (January December 2015 vs. 2014) 7

8 Playmates Toys Our 2015 results reflected: TMNT business sustained by Nickelodeon TV series alone no movie driver Continued strong product execution refreshment & extension of core action figure line + introduction of new segments Higher development and tooling expenses to launch new product segments Higher promotional expenses to sustain TMNT as one of the top action brands amidst strong competition 8

9 Financial Highlights Income Statement HK$ Million /-% Revenue 2, , Gross Profit 1, Marketing (398.7) (324.4) Selling & Distribution (130.7) (91.1) Administration (158.7) (144.5) -8.9 Operating Profit Profit before taxation Income Tax (145.2) (113.4) Net Profit Earnings per Share (HK ) Dividend per Share (HK )

10 Margin Analysis 100% Cost of Sales 90% 80% 70% 60% 38.1% 38.4% 18.5% 20.9% Marketing Selling & distribution Administration 50% 40% 30% 20% 10% 0.6% 6.1% 7.3% 6.7% 22.7% 5.9% 9.3% 7.3% 17.8% 0.4% Others Income Tax Net Profit 0% Revenue: HK2,160.2M HK$1,551.5M 10

11 Revenue Breakdown by Regions % 17.0% 5.9% 0.8% 72.3% 5.0% 14.3% 2.9% 1.2% 0.7% 75.9% HK2,160.2M HK$1,551.5M U.S.A. Other Americas Europe Australasia Asia Others 11

12 Financial Highlights Balance Sheet HK$ Million 31/12/ /12/2015 Inventories Trade Receivables Cash & Bank Balances Net Current Assets ,087.2 Net Assets 1, ,133.6 Net Asset per Share (HK$) Gearing Ratio Current Ratio

13 Looking Forward 13

14 2016 Externalities Uncertainties in global economic outlook Challenges continue in international markets Strong entertainment-driven competition 14

15 15

16 TMNT Entertainment Pipeline Continued development of popular TMNT TV series on Nickelodeon Season 4 premiered in October 2015 Paramount s 2 nd TMNT movie, Teenage Mutant Ninja Turtles: Out of the Shadows to premier in June

17 TMNT Product Pipeline Continued refreshment and extension of core TMNT action figure categories + established new segments: Half Shell Heroes and T-Machines Introduction of new TMNT product segments: Movie II line launched in Spring 2016 T-Blast and T-Sprint launched in Spring 2016 Actively developing new segments for 2017 and beyond 17

18 New Brand Ben 10 Cartoon Network to re-launch Ben 10, the powerful global franchise, for new generation of fans in 2016 The original 2006 series spawned: 4 animated TV series 1 animated movie 2 live-action movies Global merchandise success Playmates to launch all-new Ben 10 toy line in

19 New Brand Voltron DreamWorks Animation re-imagines Voltron, the classic robot franchise, as a Netflix Original Series in 2016 According to Netflix, it currently has: Over 75 million members in Over 190 countries enjoying Over 125 million hours of TV shows and movies a day A dedicated section of kids contents Playmates to launch all-new Voltron toy line in

20 New Brand Mysticons Brand new animated action TV series developed by Nelvana Studio, Nickelodeon and Topps Company Targeting girls audience, Mysticons tells the epic tale of 4 girls who transform into legendary warriors To debut on Nickelodeon in

21 Playmates Toys Limited Thank You!